Redwire Beats Q1 Revenue Estimates Amid Backlog Growth

Redwire Corporation (NYSE:RDW) reported first-quarter 2025 revenue of $61.4 million, topping analyst expectations and sending shares up 8% in pre-market trading on Monday.

Q1 Performance Snapshot

• Revenue: $61.4 M vs. consensus (beat); down 30.1% year-on-year (from $87.8 M)

• Net loss: $2.9 M (improved from $8.1 M loss in Q1 2024)

• Adjusted EBITDA: -$2.3 M (vs. +$4.3 M in prior year)

• Book-to-bill ratio: 0.92 (up from 0.40)

• Total backlog: $291.2 M as of March 31, 2025

Chairman and CEO Peter Cannito highlighted “significant bookings” from Europe, offset by U.S. government award delays amid agency leadership transitions and budget uncertainties.

Forward Guidance and Acquisition Impact

For full-year 2025, Redwire projects:

• Revenue: $535 M-$605 M

• Adjusted EBITDA: $70 M-$105 M

This outlook assumes the completion of its pending Edge Autonomy acquisition. CFO Jonathan Baliff noted that despite “dynamic macro conditions,” the company is well positioned to capitalize on trends in space and defense technology.

Comparing Past Earnings Trends

To track how Redwire's quarterly results have evolved over time—and assess momentum against past performance—investors can review historical earnings data via the Earnings Historical API. This provides detailed snapshots of EPS and revenue across multiple quarters.